Trending...
- Dallas Maestro Jason Davis Sr. Celebrates Prayze Factor Award Victory Unveils Duo Album Release - 221
- Governor Newsom signs legislation supporting California Native AmericansGovernor Newsom signs legislation supporting California Native Americans - 141
- Governor Newsom signs new bills to further prevent gun violence and strengthen California's gun safety leadership - 122
DETROIT, Sept. 26, 2023 ~ Kevin A. Krakora, Managing Director and Automotive Practice Leader at Getzler Henrich & Associates LLC, was recently featured as a guest expert in the current issue of Automotive News.
In addressing how Tier 1 and Tier 2 suppliers are performing in today's market, Mr. Krakora said that most suppliers are "hanging in there" and the top-performing companies have operational costs under control. He added that OEMs are more selective with the suppliers they will support in difficult times, and are willing to entertain strategic price increases only if the supplier has a well-supported rationale and if they are comfortable with the production and delivery of a specific supplier.
Mr. Krakora also discussed other top-of-mind issues in the industry such as vehicle sales and changing consumer demand, commodity costs, shipping, transportation, general inflationary increases on all inputs into parts and services, rising interest rates, consumer financial uncertainty, and production overall appearing to remain stable.
More on The Californer
As head of Getzler Henrich's Automotive Practice Automotive, Kevin Krakora advises boards of directors and executive management teams regarding strategic alternatives and performance improvement plans. He has served as a Chief Restructuring Officer and Independent Director and has led numerous Section 363 sales processes in Chapter 11 cases as well as business and assets sales in out-of-court situations. In 2023 he will be among the past TMA Chairs being recognized at the 2023 TMA Annual Conference in San Francisco.
Kevin A. Krakora is an experienced automotive turnaround expert who provides valuable insight into how Tier 1 and Tier 2 suppliers are performing in today's market as well as other top-of-mind issues such as vehicle sales, commodity costs, shipping costs, inflationary increases on all inputs into parts and services, rising interest rates, consumer financial uncertainty etc. He is currently head of Getzler Henrich's Automotive Practice Automotive where he advises boards of directors and executive management teams regarding strategic alternatives and performance improvement plans. In 2023 he will be among the past TMA Chairs being recognized at the 2023 TMA Annual Conference in San Francisco for his expertise in automotive turnarounds.
In addressing how Tier 1 and Tier 2 suppliers are performing in today's market, Mr. Krakora said that most suppliers are "hanging in there" and the top-performing companies have operational costs under control. He added that OEMs are more selective with the suppliers they will support in difficult times, and are willing to entertain strategic price increases only if the supplier has a well-supported rationale and if they are comfortable with the production and delivery of a specific supplier.
Mr. Krakora also discussed other top-of-mind issues in the industry such as vehicle sales and changing consumer demand, commodity costs, shipping, transportation, general inflationary increases on all inputs into parts and services, rising interest rates, consumer financial uncertainty, and production overall appearing to remain stable.
More on The Californer
- Banafsheh Sayyad Launches 18-Week Dance the 13 Rays of Embodiment Training
- 19th Annual La Feria de los Moles
- Crossroads4Hope Launches Blood Cancer Resource Hub
- NIL Club Data Shows Brands Are Looking Beyond Follower Counts in College Sports
- Georgia's Magical Nights of Lights Bigger and Brighter for 2026
As head of Getzler Henrich's Automotive Practice Automotive, Kevin Krakora advises boards of directors and executive management teams regarding strategic alternatives and performance improvement plans. He has served as a Chief Restructuring Officer and Independent Director and has led numerous Section 363 sales processes in Chapter 11 cases as well as business and assets sales in out-of-court situations. In 2023 he will be among the past TMA Chairs being recognized at the 2023 TMA Annual Conference in San Francisco.
Kevin A. Krakora is an experienced automotive turnaround expert who provides valuable insight into how Tier 1 and Tier 2 suppliers are performing in today's market as well as other top-of-mind issues such as vehicle sales, commodity costs, shipping costs, inflationary increases on all inputs into parts and services, rising interest rates, consumer financial uncertainty etc. He is currently head of Getzler Henrich's Automotive Practice Automotive where he advises boards of directors and executive management teams regarding strategic alternatives and performance improvement plans. In 2023 he will be among the past TMA Chairs being recognized at the 2023 TMA Annual Conference in San Francisco for his expertise in automotive turnarounds.
Filed Under: Business
0 Comments
Latest on The Californer
- OneVizion Appoints Energy Infrastructure Executive Walt Farrell to Board of Directors
- Tampa Bay Reporter Launches with a Mission to Deliver Local News with National Reach
- AAEOY Awards Honor Asian American Engineering and Technology Leaders in Silicon Valley
- Prime Mount Launches Professional TV Mounting Services in Sacramento, CA
- "JACKIE the STRIPPER," Starring Charlotte Kirk and The PUSSYCAT DOLLS' Kimberly Wyatt, Now Streaming on PRIME
- California: Governor Newsom signs bills to protect sexual assault survivors and increase safety on college campuses
- Governor Newsom signs legislation to accelerate California's fusion industry, announces major investment for quantum research
- California: Governor Newsom signs historic law to stop big business from shutting out competition, cuts red tape to speed up business permitting
- Migguel Anggelo Celebrates the Immigrant Experience, Latino Identity, and the Power of Iconic Latin Rhythms During Hispanic Heritage Month
- Indianapolis Criminal Defense Firm Rigney Law LLC Relaunches Criminal Law Podcast "Tales from the Brown Desk"
- eRacks: The Value of a NAS Is in Its Open Apps, and the Storage Should Be Open Too
- 3ptechies Makes Its Articles Audio-Ready With Instaread Voice Technology
- Dallas Maestro Jason Davis Sr. Celebrates Prayze Factor Award Victory Unveils Duo Album Release
- Genuine Hospitality, LLC Selected to Operate Fairfield Inn & Suites Tampa Wesley Chapel
- State leaders agree: Governor Newsom's signature on federal immigration enforcement bills protects Californians
- California: Governor Newsom signs legislation to accelerate wildfire prevention projects, strengthen fire response, and harden communities against future disasters
- As Trump targets public lands, Governor Newsom expands free state parks access, announces record conservation progress, and signs legislation protecting California's coast and wildlife
- Governor Newsom signs historic legislation designating California Asian American and Native Hawaiian Pacific Islander-serving institutions
- California: Governor Newsom signs bills to push back on Trump's Orwellian immigration tactics to protect immigrant communities
- Hyperglance Strengthens Federal Cloud Offering for Agencies and Technology Partners